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So what happened to the people (and the brokerage firms) that loaned the shares to the buyers at the other end of the short sales. If those positions are still open
The other thing is "If there was hidden money somewhere" what would have kept out last CEO and fearless leader from liberating it and partying down at the local strip club
You are not suggesting that there still open short positions out there
C.G.24: That pretty much sums it up
" potential effect of a secret govt deal would have effected the quarterlies resulting in the comments of the resigning accountants...wags.
but this is recollections on the reasons for staying in vcsy all these years."
Could you please explain which Comments (that the accountants gave) you are referring to
I guess that means we should all sit back have a beer and pony another 25K each. I've heard everything is fine for well over 10 years
I experienced an uptick in optimism when Wade was booted out. That has waned, starting around 1/2021. Now it's just the same appeals for money intermingled with technological speculation
To borrow a phrase from Jack Nicholson. What if this is "As good as it Gets" and that's why we haven't heard anything
outside of those people at Now, is anyone working at VCSY?
I wouldn't call them crooks, but they should understand (coming in on the heels of Wade) what the lack of info engenders in the shareholder population
I think the 3k max is only applied to income not other cap gains
"No capital gains? Your claimed capital losses will come off your taxable income, reducing your tax bill. Your maximum net capital loss in any tax year is $3,000. The IRS limits your net loss to $3,000 (for individuals and married filing jointly) or $1,500 (for married filing"
anyway you look at it. You probably have to plan this out in advance of your tax filing. Depending of course on the size of the cap loss
I'll consult my account, but I think you can counter balance any gain with a loss. If you have a 10K cap gain negated by a 10K cap loss. That's my understanding, but I let accounts deal with this.
"but don't expect the need for vcsy/nowsolutions to report such if it happened, cuz they aren't under the sec thumb for this reporting at this time.wags.i know this sounds like the machinations of an mba"
VCSY may be out from under the reporting requirements of the SEC. However if they are involved with MSFT or any other publicly traded firm. They still has to deal with those restrictions. So 8K's would be issued somewhere and that would be big news.
There has to be someone willing to make this deal. WeWork always had softbank supporting them. VCSY has none of that. If they did none of us would be engaging in this conversation
I'm actually trying to figure out exactly how and when to take the loss. Maximize a cap gain/maximize the cap loss, to minimize taxes
There were a lot of expectations with the new members. Maybe it was mostly wishful thinking. However it doesn't change our current situation. Which as you said is, getting back to earnings and trading
Your point is well taken. However, to be fair the delisting process was well underway long before the new board arrived. the lack of 10 K"s and Q's along with:
" Effective June 24, 2019, MaloneBailey, LLP (“MaloneBailey”), resigned as the independent certified public accountants of Vertical Computer Systems, Inc. (the “Registrant”). MaloneBailey’s resignation letter was dated June 24, 2019."
Should have been a red lite
Does anyone know what now solutions' current client list is?
"Is it because Mike and Scott openly bash Trump on Linjedin and FB alienating potentially 50% of all investors?"
I don't know about you, but I'm old enough to understand that nobody cares for my opinion. Perhaps a little more introspection from these fellows would be in order.
Correction: he said it was not an option
I think Len stated (Yahoo finance) that outside money was an option, given VCSYs' financial position.
"The strategic plan to remove Wade worked, but nothing since then."
Removing Wade was the easy part. No one wanted him.
"Transformational suggestions for management - raise enough $ to get relisted"
This is the hard part, but at least it is a strategic outline for moving forward
"new management..hopefully, have applied their companies' ip to vcsy the company"
What company are you referring to here? Aside from vcsy.
I don't see any type of strategic plan here
I don't know this team. I was not privy to their selection process. However I don't think they are starting out on the right foot. Being unresponsive is not a good quality. I don't see anything I would call a strategy or plan
I don't see anything positive here. Maybe that's why they are so quiet
It would be nice to get some idea of what is going on. 25% of what? last years monthly totals. What time period are they talking about?
I think this is a reasonable request. We should at least see what their revenue flow looks like on a monthly basis
I would say off hand that the probabilities are not in their favor. However that being said does not mean the chance of success is zero. They are just less than 50% (how much less than 50% is difficult to say). It is hard to make a realistic assessment given the complete lack of information available
The inability to say you're not getting it done and you need to go is a long standing problem here. Until that is resolved not much will happen. The need to be completely results driven is necessary.
The ability to get any reliable info on the company is fading fast. I don't trust much of what is said on the chat board